7888 Highway I-30 W
Fort Worth, TX 76108
Studio 6 Fort Worth · Hospitality Property For Sale · 106 Rooms

The Studio 6 in White Settlement/Fort Worth is an extended stay hotel. It has 106 rooms with exterior corridors. The property also has a One bedroom Managers Apartment on site in addition to 106 Rooms. The hotel consists of 3 floors with each floor averaging about 13,932 square feet and and overall square footage of 41,796. For the new owner there is only a minimal PIP to be fulfilled. The hotel offers amenities such as: free parking, free wifi and cable, pets are allowed, 24 hour front desk, and outdoor pool. Property offers a current T12 cap rate of 13.82% and a current cash on cash return of 39% annually. The initial investment payback period is 2.5 years. Property is currently operated owner absentee and has a great potential to increase revenue with owner operator/investor who can give more attention to operations. White Settlement is a city in Tarrant County, Texas and is a northwesters suburb of Fort Worth. The Studio 6 Fort Worth is technically in White Settlement, but it is basically in Fort Worth conveniently next to the Lockheed Martin Corporation and the Naval Air Station Joint Reserve Base. Fort Worth is a city in the county seat of Tarrant County, Texas. Located right next to Dallas, it is the other half making up the big metroplex of DFW. The city population was estimated around 833,319 as of the 2015 census. The City of Cowboys & Culture is the 16th-largest city in the United States and part of the No. 1 tourist destination in Texas, welcoming 8.8 million visitors annually. Fort Worth is comprised of seven primary entertainment districts each offering distinct dining, shopping, entertainment and cultural amenities. In only a few days you can enjoy a range of experiences: from NASCAR racing to rodeos, world-class museums to cowboy cuisine, boutique shopping to a Top 5 zoo, biking to horseback riding. With so many things to see and do, it is not a surprise that Fort Worth was recently named best downtown in the nation. And opening in 2019, Fort Worth will be opening the $450 million multi-purpose arena that will host even more crowd-bringing events to the city. The city, often called Cowtown, is the home of many large employers and universities. In 2013, Fort Worth-Arlington ranked 15th on Forbes' list of the Best Places for Business and Careers. The top employers in the area are Lockheed Martin Aeronautics, Naval Air Station Joint Reserve Base Fort Worth, Fort Worth ISD, American Airlines Group, City of Fort Worth, Bell Helicopter, Alcon, Cook Children’s Health Care System, Harris Methodist Hospital, Pier 1 Imports, and Radio Shack. Education is also an important part of the city as it is home to Texas Christian University that has over 10,000 students, University of Arlington that has almost 35,000 students, and Tarrant County College that has just over 49,000 students.. Conveniently off Interstate 30, downtown Dallas is about 40 minutes away. Even closer at 25 minutes away is Arlington that is home of the Dallas Cowboys, Texas Rangers, and Six Flags.